In the first quarter of last year, the TCA launched an investigation regarding the vehicle insurance market on the grounds that alleged anticompetitive agreements or concerted practices arose through...

Which government bodies/agencies regulate insurance (and reinsurance) companies? Insurance and reinsurance companies are regulated by the Undersecretariat of the Treasury established under the Prime Ministry.

The laws and regulations governing the insurance and reinsurance practices in Turkey are quite complex, since the principles and provisions governing the insurance and reinsurance practices are set forth at different laws...

The Art. 1259 of the Turkish Commercial Code numbered 6102 indicates that "In case that passengers are transported by a vessel, which is licensed to carry 12 or more people, all carriers who undertake or perform the transportation partially or wholly are obliged to be insured for their potential responsibilities, which may arise in case of death or injuries of the passengers."

In the first quarter of last year, the TCA launched an investigation regarding the vehicle insurance market on the grounds that alleged anticompetitive agreements or concerted practices arose through...